CryptocurrencyDec 20, 2021 01:30PM ET
Tech Mahindra Set to Launch NFT Marketplace; Vodafone to Auction World's First Message
The rave and craving for NFT are becoming increasingly massive globally, especially among top-tier companies. Notably, Tech Mahindra is set to launch its marketplace, so MG and Vodafone (NASDAQ:) are also preparing to announce their desire to auction their collectibles. Tech Mahindra is an India-based multinational information technology company worth $13.2B and has its headquarters in Pune. The company was founded in 1986, and Forbes listed it in February 2021 as one of the top 50 Blockchain companies in the world.
Interestingly, the company announced its intention and preparedness to launch its own non-fungible token (NFTs) marketplace in just a few weeks. There is also an intention to monetize its progress in the blockchain industry.
Read Also: How A Millennial NFT Investor Earned About $100,000 in 6 Months
The company’s plans to fully venture into the NFT space were stated by Rajesh Dhuddu, Vice President and Practice leader of blockchain and cybersecurity domains at the company. According to him, the company’s NFT market space will be a favorable marketplace where the creators and celebrities will be able to monetize their special digital art and memorabilia. These NFTs are a kind of digital asset that employs blockchain to highlight and document the ownership of items such as images, videos, and many other collectibles.
NFTs marketplaces are a digital representation of how art houses display paintings and pictures physically. Sadly, many of the dinners and parties through which artworks are showcased have been affected by the COVID-19 pandemic. Therefore, creators and celebrities are adopting NFTs. For instance, the 45th First Lady of the United States, Melania Trump, recently announced her intention to launch an NFT platform in partnership with Melania’s Vision. A part of the proceeds is expected to support children in the foster care system.
This is similar to what Tech Mahdira seeks to achieve, as the proceeds from the sale of the NFTs will be donated to the United Nations High Commissioner for Refugees (the UN Refugee Agency) to support persons who have been forcibly displaced.
Law Decoded: Making sense of mixed signals, Dec. 13–20 By Cointelegraph – Dec 21, 2021
The crypto regulation regime in any jurisdiction is an equilibrium among multiple institutional, group and personal interests of actors who have a sway over financial and monetary…
DOGAMÍ Bags $6M from Ubisoft and Others, Gears Petaverse on Tezos By CoinQuora – Dec 21, 2021
DOGAMÍ secured a $6 million funding from Ubisoft, Animoca Brands, and The Sandbox co-founders DOGAMÍ tops the play-to-earn game project in the Tezos…
SEC commissioner Elad Roisman will leave by end of January By Cointelegraph – Dec 21, 2021
Elad Roisman, one of five members of the Securities and Exchange Commission’s board, has announced his intention to resign from the government agency. In a Monday…
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.